Charting a fair future: Youth and the dynamics of climate finance
By Karishma Ansaram, Climate Champions' Finance Youth Fellow | December 12, 2023
The Governments of France and Morocco, together with the UN Environment Programme (UNEP), launched the Buildings Breakthrough today at COP28, which
will see countries joining forces to accelerate the transformation of the sector – which accounts for 21 per cent of global greenhouse gas emissions – with a view to making near-
zero emissions and climate resilient buildings the new normal by 2030. Twenty-seven countries have so far pledged their commitment to the Buildings Breakthrough.
The Buildings Breakthrough is part of the Breakthrough Agenda, which provides a framework for countries, businesses and civil society to join up and strengthen their actions every year in key emitting sectors, through a coalition of leading public, private and public-private global initiatives. It is co-led by the Ministry for Ecological Transition and Territorial Cohesion of France and the Ministry of National Territory Planning, Land Planning, Housing, and City Policy of the Kingdom of Morocco, and coordinated under the auspices of the UNEP-hosted Global Alliance for Buildings and Construction (GlobalABC).
The new initiative aims to strengthen international collaboration to decarbonize the building sector and make clean technologies and sustainable solutions the most affordable, accessible and attractive option in all regions by 2030.
Under the Buildings Breakthrough, the UNEP/GlobalABC secretariat, the International Energy Agency and the International Renewable Energy Agency, together with the High-level Climate Champions, will undertake an annual assessment of global progress in the sector, closely aligned with the UNEP/GlobalABC annual Global Status Report for Buildings and Construction.
“The buildings sector is pivotal for future investments due to its cultural, economic, environmental, and social impact,” said Christophe Béchu, Minister for Ecological Transition
and Territorial Cohesion of France. “Partnering with the Kingdom of Morocco and 25 other nations, we call for more countries to join the Buildings Breakthrough, and call governments and all stakeholders to join us in Paris for the Buildings and Climate Global Forum in 2024 to collectively work towards near-zero emission and resilient buildings.”
The 27 countries which pledged their commitment to the Buildings Breakthrough are: Armenia, Austria, Canada, China, Côte d’Ivoire, Egypt, Ethiopia, Finland, France, Germany, Guinea-Bissau, Japan, Jordan, Kenya, Liberia, Mauritania, Mongolia, Morocco, Netherlands, Norway, Senegal, Sweden, Tunisia, Türkiye, United Kingdom, United States of America, and Zambia. Together,
these nations represent around 34 per cent of the global population, account for about 51 per
cent of global greenhouse gas emissions, and contribute to approximately 64 per cent of
